MultiCoice, the owners of the country’s biggest pay-TV operator DStv – may cut jobs as competition intensifies.
The Sunday Times newspaper reported that DStv faces its biggest existential threat since its launch 23 years ago as Netflix, Amazon Prime Video and other streaming giants wade into the local market.
The newspaper added that about 200 jobs may be affected by the imminent retrenchments.
MultiChoice has been losing its premium contract customers who are being snapped by Neflix, Amazon Prime Video and others are streaming content from various sources.
In the year ended 31 March 2018, MultiChoice said the number of Premium subscribers dropped to 1.92 million from 1.96 million.
For more read: Jobs on the line as DStv struggles